Seaport San Diego remains in environmental review

What's happening

Developer 1HWY1 has proposed a redevelopment of San Diego's Central Embarcadero, covering about 102 acres including 39 acres of land and 63 acres of water. The area includes Seaport Village and Tuna Harbor.

The plan includes hospitality, retail, commercial fishing uses, marinas and parks, at an estimated cost of about $3.8 billion; earlier reports put the figure at $3.5 billion. The Port of San Diego is still conducting environmental review.

• Size: About 102 acres (39 acres land, 63 acres water)
• Developer: 1HWY1
• Location: Central Embarcadero, downtown San Diego
• Status/Timing: In environmental review with the Port of San Diego
• Cost: About $3.8 billion (estimated)

What it means for owners, tenants and investors

If approved, the project would reshape downtown San Diego's waterfront and add a large supply of hotel and retail space next to the convention center and Gaslamp Quarter. Nearby hospitality owners should follow it closely, since new waterfront rooms would compete for convention and leisure demand.

A multibillion-dollar waterfront plan could remake Seaport Village, but approvals are still ahead.

What to watch

Watch for release of the environmental impact report, Port Commission votes and California Coastal Commission review.

Imagery: Google Earth.